WFC · News · 20261022N
Revolving Credit Facility
WELLS FARGO & COMPANY/MN · 2026-10-22 · Importance 40 · Surprise 42 · In source text
Belk secured $1.275 billion of new senior secured credit facilities from Wells Fargo Bank and Pathlight Capital on October 22, 2026. The financing consists of a $900 million asset-based revolving credit facility and a $375 million first-in, last-out term loan. The five-year facilities replace Belk’s existing financing, simplify its capital structure, and increase liquidity. Proceeds will support working capital, seasonal inventory, and continued investment in Belk’s stores and omnichannel platform.
Key facts
- Wells Fargo Bank provided a $900 million asset-based revolving credit facility as part of $1.275 billion in new senior secured credit facilities to Belk. source
- Wells Fargo Bank's financing for Belk is a new five-year financing that will support working capital, seasonal inventory, and continued investment in the business, stores, and omnichannel platform. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | committed | — | Wells Fargo Bank provided a $900 million asset-based revolving credit facility as part of $1.275 billion in new senior secured credit… |